We analyzed yesterday we got 1000 points trade and it was easy for option buyers, 37000 CE went from 170 to 800. Tomorrow, I am expecting a gap-up opening. Resistance: 37700 Support: 36900 Intraday levels for next session: Buy Above 37400 for the targets of 37500, 37600, and 37700. SL for the Buy Trade would be 37290. Sell Below 37200 for the targets of 37100,...
BankNifty has formed a Flag and now trading in a Range. We may see one side 1000 to 1500 points movement in BankNifty once it breaks the range. For Option Buyers - Buy 37000 CE if sustains above 36550 and Buy 35000 PE if sustains below 35500 and it can be 2x-4x easily. I have also shared the Intraday Idea for Feb. 15th, Intraday players please refer to that. To...
As we analyzed yesterday, BankNifty gave a sell trade today and took a bounce nearby our support level 35600. BankNifty is still in 1000 points range and we may get a big move (1000 points or above) once the range would break. Until now, we can play within that range and tomorrow is the weekly expiry so I am expecting the side ways market until 1:30pm. In today's...
As we analyzed sellers are getting active near 36500 levels and we again saw the rejection today. BankNifty is trading in a range and forming an indecision candle for the last 2-3 sessions, we may see a good one side move in this week. In today's session, our sell trade initiated and we booked 150 points today. Resistance: 36500 Support: 35600 Intraday levels...
As we analyzed yesterday, BankNifty opened with a minor Gap up, felt, and took support near our level of 34000. Immediately it bounced to 34400 levels and after some time our buy trade initiated and all 3 targets met. For tomorrow, I think we BankNifty would open flat. Resistance - 35050 Support - 34400 Intraday levels for tomorrow: Buy Above 34800 for the...
It was a great day for Future Sellers and Call Writers, I also shared Expiry trade around 1:30, and the market melted from that level resulting in 3x return for Option Buyers in less than an hour. Levels for tomorrow: Buy above 32400 for the targets of 32500 and 32600. SL for the Buy Trade would be 32290. Sell Below 32100 for the targets of 32000 and 31900. SL...
We were a gap up opening today, soon touched out buying level 31900, made a low of 31863, and took great bounce. Overall, today was Future Buyers/ Put Option Sellers day. Levels for tomorrow: Buy above 32500 for the targets of 32600 and 32700. SL for the Buy Trade would be 32390. Sell Below 32300 for the targets of 32200, 32100, and 32000. SL for the Sell Trade...
It was a great day, I did share 4 ideas for today's trading session out of which 1 wasn't activated and the rest 3 met the targets.BankNifty was showing strength initially and fighting to break our sell level but finally, it broke and met both the targets. Levels for tomorrow: Buy above 31900 for the targets of 32000 and 32100. SL for the Buy Trade would be...
Buy above 32700 for the targets of 32800 and 32900. SL for the Buy Trade would be 32290. Sell Below 32435 for the targets of 32300, 32200, and 32100. SL for the Sell Trade would be 32540. To motivate me, Please like the idea If you agree with the analysis. Happy Trading! InvestPro India Team
Note: This is for educational purpose only. Bank Nifty unable to break resistance (23100 - 23150) thrice. Moreover, there is a bearish ascending triangle breakout on daily chart. Same is reflected on RSI trend line as well. RSI below 50 indicates loss of bullish momentum.
Short Banknifty future if the trendlines break with volume. Blog: Akme Analytics
COMPARING OF MY YESTERDAY STATEMENTS WITH TODAYS MOVEMENT IN BANK NITY 1. YESTERDAY I SHARED THAT CARRYING LONGS FOR THIS DAY. SEE BNF OPENED ALMOST 400 PTS GAP UP. MY RULE IS SIMPLE WHEN I GET THIS OPENING IN FORM OF GAP UP OR DOWN I WAIT FOR 5 MIN CANDLE EITHER TAKING SUPPORT OR TAKING RESISTANCE . I BOOK MY PROIT . IN TODAYS CASE SEE CANDLE NO 1 TOOK...
In Bank Nifty Major supply zone @ 20000-20460. New upside zone @ 20000-24000 will open once it will manage to sustain above it’s major supply zone @ 20000-20460.
Bank nifty has broken the dow theory concept of Higher low and Higher high in weekly charts. As per dow theory trend changes when the last higher low is broken, so we can clearly see a trend reversal in Bank nifty. The last Higher low was - 26560, so if the BnF close below this by end of this week. Then we can expect trend changing. Also two key Moving averages...